According to JPMorgan analysts, the anticipation leading up to the release of the film helped fuel Netflix's recent stock rally.
Netflix's"The Irishman" could charge the streaming giant's stock with some much-needed momentum, according to analysts at JPMorgan. Shares of Netflix have bounced back in recent months after hitting a year-to-date low in September, but the stock is still lagging the broader market. "We believe Netflix could provide an early viewing metric over the next week, which in our view could be the next catalyst," JPMorgan analysts wrote Tuesday.
Netflix's"The Irishman" could charge the streaming giant's stock with some much-needed momentum, according to analysts at JPMorgan. Shares of Netflix have bounced back in recent months after hitting a year-to-date low in September, but the stock is still lagging the broader market. "We believe Netflix could provide an early viewing metric over the next week, which in our view could be the next catalyst," JPMorgan analysts wrote Tuesday.
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